CPI

Today Brexit, Sunday Spainaggedon

by John Galt June 24, 2016 21:30 ET The political and financial elites never learn their lesson. Just twenty-four hours ago Nigel Farage of UKIP was proclaiming a narrow defeat for the “leave” faction in the Brexit election only to be surprised himself some four hours later by the overwhelming returns showing the British citizenry rejecting the bureaucratic lies and nightmare known as the European Union. Fast forward to this morning where Spain’s center-right Prime Minister Rajoy decided to act like Prime Minister David Cameron with his threats of the consequences…


Another 20% Dollar Tree Inflationary Warning

by John Galt May 2, 2016 20:20 ET A little over a decade ago, I pointed out the hypocrisy of product size inflation in an old article about my Dollar Tree inflation indicator. I noted, of course simple things like 4 packs of batteries being changed to 3, 16 oz. of dry cereal being reduced to 12 oz., and candy bars being reduced from 6 oz. to microscopic specs of something wrapped in paper. Today, I encountered something amazing at the U.S. discount retailer the Dollar Tree which should alert everyone…


Did the Fed Trigger Another Stock Market Crash on Monday August 31?

by John Galt August 30, 2015 19:00 ET As of this past Friday, August 28th, the Federal Reserve, the Plunger Protection Team (PPT for short), and the financial infomercial media had been screaming “Mission Accomplished” as they helped to goose the Monday and Tuesday disaster into a gain for the week. Unfortunately for the financial media and more of the cheerleaders, futures are down again as this article is being published: (courtesy of FinViz.com 15 minute delay): If anyone pays attention to the Jackson Hole, Wyoming conference this weekend hosted by…


Chinese Stock Markets ‘Shanghai’d’ 3% on Bad Export Data and Bond Default News

  by John Galt March 10, 2014 05:45 ET The news flow from China last night was anything but good: China February exports tumble unexpectedly Mainland stock exchanges drop amid bond default Deflation fears as China inflation drops to 2% If CNBS follows its normal mode of operation, they will begin their US broadcast day this morning by talking up the American economy, interviewing or playing excerpts from Warren Buffett, and using one of the following excuses for the Chinese stock market decline: a) It’s the weather b) It’s the Chinese…


Chinese Inflation Eases Unexpectedly as Economy Slows

  by John Galt June 9, 2012 07:15 ET   The Chinese Communist Economists learned from the best and in the tradition of the American Bureau of Labor Statistics, the mythical Consumer Price Index inflation data was released this morning (From Xinhua):   China’s inflation eases further, more monetary easing expected   BEIJING, June 9 (Xinhua) — China’s inflation unexpectedly eased to a 23-month low due to falling food prices and base effect, providing ample room for the government to boost slower-than-expected growth in the world’s second-largest economy.   The consumer…


CPI is “Tame” but not for the reasons the Media would have you believe

by John Galt May 15, 2012 22:30 ET   The usual suspects are at their propaganda inspired best with the monthly BLS report on consumer prices. The mainstream media has the usual headlines:May 15, 2012 22:30 ET   US Consumer-Price Index Unchanged; Core Rate Climbs 0.2% US April consumer prices flat as gasoline drops US consumer prices flat as gas costs fall   In other words, gas distorted reality as the reality is that the impacts on things the average American need or use every month increased except for electrical utilities…


October C.P.I. for Necessities – Operation Occupy Inflation in your Wallet

By John Galt November 16, 2011 – 08:45 ET The big buzz today will be “see, we’ve tamed inflation” but the reality is that it was a month over month drop in the overall rate of inflation, not a decrease in prices for the things the average person needs to survive. Since the average American has fallen prey to this propaganda and believes that a 0.1% drop in the headline number suddenly means their 16 oz. cereal box will return any day now at the same price (wish in one hand,…


Monthly CPI Necessities Update: Glad I don’t Eat, Drive, Smoke, Live in a House, Get sick, go to college, or wear deodorant

By John Galt October 19, 2011 – 12:30 ET Thankfully inflation is under control. Good job Ben! Of course if you do anything but wash your car daily, get some sort of legal service (Sorry Congress, she doesn’t count; Barney he doesn’t either per the BLS) buy a new home every month, buy a new computer every month, OR use “video services” then this month’s CPI report might hurt. But politicians, Federal Reserve officers, people investing in anything but precious metals, and morons telling you that a negative 0.4% yield after…


August 2011 C.P.I. Data: Don’t Drink, Don’t Smoke, Don’t Eat, Don’t Drive, No Problemo

By John Galt September 15, 2011 – 17:00 ET Of course even Goody Two Shoes had to eat, live in a house, and maybe, just maybe, got the sniffles. Unfortunately for the American consumer, and somewhat to my shock, the BLS was unable to manipulate the Hedonic Horror known as the Consumer Price Index and create a deflationary indicator to validate the Fed’s wave of liquidity and next shove against the string to save their precious banks while destroying American citizen’s ability to earn a dime on their savings or purchase…


CPI Necessities & CPI Cash for Clunkers Chart Updates

By John Galt August 22, 2011 – 10:00 ET The charts that I have been maintaining for over a year now are available within the economic charts pages to the right for permanent review and of course, after the releases on these pages. Now that my schedule has gone from just madly insane to regular insane, these charts will be updated in a more timely manner. No commentary really is necessary because the Federal Reserve doesn’t eat, doesn’t drive or pay for their own gas and vehicles, and medical care is…


New Zealand becomes the latest Victim of Transitory Inflation

By John Galt July 18, 2011 The headline from this morning’s New Zealand newspapers like ThePress says it all: Inflation hits 21-year high With a 4.5% inflation rate and a projection that it will go much higher as the nation recovers from those horrific earthquakes earlier this year, it is little wonder that importing inflation from the bankrupt financial systems of the world is the last thing they need as the country rebuilds. This chart created with the official data from the Royal Bank of New Zealand shows a C.P.I. on…


No Picture

CPI Necessities Chart for April 2011 – It’s Transitory

By John Galt May 15, 2011 It is becoming somewhat spooky when the words of Ben Bernanke haunt the mind, week after week, thus I shall do the best that I can to escape this transitory trap he has placed most commentators into. Except in this case the “official” CPI report from last Friday was without a doubt seriously a transition before a major commodity crash brings the prices down the BLS creates out of thin air and allows the Fed even more room to monetize every living thing, dead thing,…


No Picture

Gas and Diesel Prices Indicate Another Economic Crash: 2008 Redux

  By John Galt April 11, 2011 The myth that the American consumer is back being perpetuated by the financial infomercial networks and our government is about to be shattered once again. The proclamations by Fed governors that we the people are participating more in the economic engine ignores the declines in compensation compared to inflation since 2002 when the Fed and U.S. government elected to inflate the system at all costs rather than face a necessary recession to flush the system. This policy continued unabated throughout the last decade with…


%d bloggers like this: